135.77 Long Target Hit

EUR/JPY shot straight up overnight and hit our 135.77 long target, to reach the apex of the right shoulder build for our Head and Shoulders Pattern. We are short, looking for pullback to 50% to 61.8% fib levels.

Also note CCI line cracked to the downside as price is consolidating sideways.

Short Target 1: 134.50
Short Target 2: 134.20

Related Ideas

i see a short too, so this time i am dipping my foot in the water ;) and coming along for the ride, but only til 134.80. perhaps against my better judgement as i really don't feel these Yen crosses. look what you made me do now ;-)